SME IPO: Cell Point India issue to open on June 15. 10 things to know about the offer

Cell Point India, a multi-brand retail chain selling smartphones, tablets, mobile accessories, and electronics goods, is set to launch its initial public offering on June 15, with up to 50.34 million equity shares. The retail company currently operates 75 stores in Andhra Pradesh and generated a revenue of ₹221 crores ($30 million) for the nine months ending December 2022. The firm plans to use the capital to repay certain borrowings, renovate its existing stores, and expand its retail network. Shares will be listed on the NSE SME platform.